Canada sticks with immigration target despite housing crunch - BNN Bloomberg

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Canada sticks with immigration target despite housing crunch - BNN Bloomberg
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Prime Minister Justin Trudeau’s government won’t lower its immigration targets despite growing criticism that drastic population growth worsens existing housing shortages.

In one of his first interviews a week into his new cabinet role, Immigration Minister Marc Miller said the government will have to either keep — or raise — its annual targets for permanent residents of about half a million. That’s because of the diminishing number of working-age people relative to the number of retirees and the risk it poses to public service funding, he said.

Miller’s comments suggest the government is still counting on that backing to grow its population rapidly to stave off long-term economic decline. Trudeau’s government has consistently raised its target for permanent residents. Last year, foreign students, temporary workers and refugees made up another group that’s even larger, bringing total arrivals to a record one million.

“We have to get away from this notion that immigrants are the major cause of housing pressures and the increase in home prices,” he said. “We tend not to think in longer historical arcs or in generational terms, but if people want dental care, health care and affordable housing that they expect, the best way to do that is to get that skilled labor in this country.”

“What’s driving this is really rational concerns, not xenophobia,” said David Coletto, Abacus Data’s chief executive officer. “From many people’s perspective, the growth that Canada experienced hasn’t been matched with an increase in infrastructure. It’s putting a strain on public opinion toward immigration more broadly. We’d be foolish to assume that Canada’s immune to the same forces that have affected other countries.

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